Tetra Tech, Inc. (NASDAQ:TTEK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $41.00.

Several research analysts have weighed in on TTEK shares. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $27.90 on Monday. The firm has a market cap of $7.24 billion, a PE ratio of 16.71 and a beta of 0.93. Tetra Tech has a 12-month low of $25.81 and a 12-month high of $43.14. The company’s fifty day simple moving average is $29.70 and its 200 day simple moving average is $33.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. Tetra Tech’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. As a group, sell-side analysts forecast that Tetra Tech will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. The ex-dividend date was Thursday, May 14th. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a yield of 1.0%. Tetra Tech’s dividend payout ratio is currently 17.37%.

Insiders Place Their Bets

In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of the stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the acquisition, the director owned 1,900 shares in the company, valued at approximately $50,179. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Trading of Tetra Tech

Institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Corp raised its holdings in shares of Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 295 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 341 shares during the last quarter. OP Asset Management Ltd purchased a new stake in shares of Tetra Tech in the first quarter valued at about $34,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in shares of Tetra Tech in the first quarter valued at about $35,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Tetra Tech by 136.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

About Tetra Tech

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.